Chemical News
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Europe's ARA coal stocks up 1.3% week on week to 3.4 million mt May 05,2016
Combined thermal coal stock levels at three delivery terminals in western Europe's Amsterdam-Rotterdam-Antwerp trading hub were more or less steady for the second consecutive week Wednesday, as demand for coal remained slow, offsetting the limited number of deliveries, port sources said. At 3.4 million mt, volumes showed a 1.3% build week on we...>>>
Shell's Q1 2016 gas realizations slump 36% on year, LNG volumes rise May 05,2016
Shell, which in mid-February became a much bigger player in global gas markets with the closure of its $54 billion deal to buy BG Group, saw its realized gas prices slump in the first quarter of 2016, while its LNG sales received a boost from the BG consolidation. CEO Ben van Beurden also said Shell would continue to reduce spending, capture co...>>>
Asian oil derivatives volumes on CME surge 19.2% on month in April May 05,2016
Asian oil derivative clearing and trading activity on the CME Group's platforms saw a 19.2% month on month rise to 34,647 transactions in April, according to data from the exchange Wednesday. The largest gains were in its Dubai crude derivative offerings, which tripled to 1,225 trades in April from 299 in March. This was followed by an 80.6...>>>
Shell production soars as it plans for prolonged low oil prices May 05,2016
Shell on Wednesday reported soaring production in the first quarter thanks to its takeover of UK upstream company BG and said it was planning for a prolonged period of low oil prices. It added it would would not be rushed into a "fire sale" of assets to cover its sharply increased debts. Shell's first quarter oil and gas production was up 1...>>>
China's Shanxi suspends new ferroalloy, aluminum, steel project approvals May 05,2016
Shanxi province in northwest China has suspended the approval of new ferroalloy, aluminum and steel projects in 2016 as part of air pollution control plans, the provincial government said Wednesday. The suspension is also aimed at reducing surplus supply in the sectors, the provincial government said in a report on its website. Shanxi's ste...>>>
100 Spot Commodities Price Chart - 02/05/2016 May 04,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,0 commodities increased in prices, 1 fell and 98 remained unchanged on 02/05/2016.. CommoditySectors 05-0105-02>>>
Net long gold contracts slip, bullish positions remain high: CFTC May 04,2016
Managed-money investors cut net long gold positions on US commodity exchange COMEX by just over 1% to 172,050 contracts for the week to April 26, the first decline in net long positions for three weeks, data from the US Commodity Futures Trading Commission showed Tuesday. Net long positions in gold declined 1.2%, but remained close to last week...>>>
Brazilian flat steel producers start new round of price hike May 04,2016
Brazilian steelmakers have started a new round of higher prices for its flat steel products, although it is still uncertain how much of the desired hike would be absorbed by a depressed consuming market, sources said Tuesday. An executive affirmed that "ArcelorMittal implemented the new prices on May 1, followed by CSN on Monday." Usiminas'...>>>
Metal Exchange says to close Missouri aluminum/copper recycling processor May 04,2016
Metal Exchange Corp, a US nonferrous trader and processor, plans to curtail operations indefinitely at its Metal Recovery Systems facility due to volatile market conditions, the company has said. Metal Recovery Systems, a St. Louis-based processor of aluminum and copper recycling materials, plans to cease operations in mid-May but will continue...>>>
Primus enters deal with Tauber for marketing of Marcellus methanol May 04,2016
Tauber Oil will manage the marketing and distribution for a planned methanol facility targeted for the Marcellus Shale region, Primus Green Energy said Tuesday. Primus Green Energy plans startup at the 60,000 mt/year methanol facility in fourth-quarter 2017. The company intends to later add three trains to increase capacity to 233,000 mt/year a...>>>